Bonava AB (publ) (BONAV_A) Q1 2026 Earnings Call

Investor webinar replay

Replay transcript excerpt

Good morning, everyone, and a very warm welcome to the first quarter of Bonava. 2026. My name is Anna Falk-Fidlund and I am head of investor relations here at Bonava, standing here in a sunny Stockholm together with our CEO Peter Wallin and our CFO Jonsson. They will take you through the highlight of this report and afterwards we will end up with a Q&A and you can start already now to type in your questions. So with that, Peter. Thank you very much, Anna. And good morning, everyone. Looking forward to take you through the Q1 here. So if we take on the top MQ1, looking at the markets, we are recording stable sales, even though we have a lot of uncertainties kicking around in market. We are seeing the same trends as usual. We have seen for quite some time that the consumer segment is improving, and it's improving based on that we're seeing higher disposable income, maintaining a low level of unemployment and pent up demand for housing, given that we have built so few sustainable new homes over the past three years in the markets. If I dig a little bit deeper, we are seeing a very high sales across our Baltic cities that we are active in. And we are also seeing a building reservation rate in Germany. So we started up a little bit weaker in the quarter, but then ending up at the same level more or less as at the end of last year. So we see a good booking situation. And then Sweden, we are seeing an improving market conditions. And Finland remains to be a quite slowish, sluggish market. In all our markets, we are seeing increasing activity in transactions. So the investor segment is improving and we have a very nice pipeline of investor projects to come. And then we are all thinking what is happening around us in the world. And the latest part now with the conflict in Ira...